Deribit, the World's Largest Crypto Options Trading Platform, Faces Acquisition Possibility

Uk Jin

Summary

Deribit is reportedly attracting acquisition interest from several cryptocurrency companies.
Deribit's value is estimated by Bloomberg to be around $4 to $5 billion.
Deribit's trading volume nearly doubled last year, and the total nominal options trading volume increased by 99%.

Deribit, the world's largest Bitcoin (BTC) and Ethereum (ETH) options trading platform, is reportedly attracting acquisition interest from several cryptocurrency companies.

On the 14th (local time), Bloomberg reported, citing anonymous sources, that Deribit has been working with investment advisors to explore the sale of the company since 2023.

Bloomberg estimates Deribit's value to be around $4 to $5 billion. According to the report, the giant cryptocurrency exchange Kraken also considered acquiring Deribit, but the deal did not materialize.

Meanwhile, Deribit's trading volume nearly doubled last year, reaching $1.2 trillion. The total nominal options trading volume also surged by 99% last year, recording $743 billion.